27th Sep 2006 18:00
Mitchells & Butlers PLC27 September 2006 27 September 2006 DIRECTORS' INTERESTS The following directors today exercised options over Mitchells & Butlers plcshares, disposing of sufficient shares to meet costs, tax and NI as shown below: Director Share Option price Options Shares sold Selling price Shares retained Balance of plan exercised - Shares under shares option Tim Executive £3.059 per 53,445 38,317 £5.914744 15,128 2,268,318Clarke Share share Option Plan Karim Executive £3.059 per 83,508 59,870 £5.914744 23,638 1,445,227Naffah Share share Option Plan Following the above exercise, Mr Naffah transferred the 23,638 shares retainedfrom the option exercise to his wife. Following the above transactions, these directors hold the following Mitchells &Butlers shares: Tim Clarke 587,291Karim Naffah 271,119 Employee Benefit Trust (the "Trust") The Trust holds a balance of 972,734 Mitchells & Butlers ordinary sharesfollowing the purchase of 335,000 shares on 27 September 2006 at a price of592.0302p per share and the exercise of share options by directors as shownabove. The executive directors of the Company, M.L.Bramley, T.Clarke, A.Hughes andK.Naffah, as potential beneficiaries under the Trust, are technically deemed tobe interested in the above balance Victoria M PenriceHead of SecretariatTelephone: 0121 498 6514 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Mitchells & Butlers